Introduction:

Online banking has revolutionized the way we handle our finances, offering increased convenience and flexibility. One of the products offered by most banks, including Scotiabank, is the auto deposit feature. While it's a useful tool, there may come a time when you'd want to cancel the auto deposit. This comprehensive guide walks you through the process of cancelling your auto deposit in Scotiabank using an online banking platform, mobile app, and customer service call.

The Basics of Auto Deposit:

Before we delve into how to cancel auto deposit, it's important to understand what auto deposit is. Auto deposit is a feature that automatically deposits money sent to you via Interac e-Transfer into a designated bank account, eliminating the need for you to manually accept the transfer. This feature is handy, but for various reasons, you might want to disable it. So, here's how you can do it:

Option 1: Cancelling Auto Deposit via Online Banking:

One of the most convenient ways to cancel your auto deposit is by using Scotiabank's online banking platform. Here is a step-by-step guide:

• Log into your Scotiabank online banking.
• Select the account associated with the auto deposit feature.
• Click on ‘Manage auto deposit’ on the banking tab.
• Select ‘Off’ to turn off auto deposit.
• Confirm your decision to disable this feature. This will stop all future auto deposits until you decide to reactivate it.

Option 2: Using the Mobile App:

Scotiabank's mobile banking app is another platform you can use to cancel your auto deposit. The steps are quite similar to those of online banking. Here is a step-by-step guide:

• Open your Scotiabank mobile app on your phone.
• Log in using your online banking details.
• From the main screen, select the account associated with the auto deposit feature.
• Tap on ‘Preferences’ from the menu.
• Under the ‘Accounts’ category, select ‘Interac e-Transfer auto deposit’.
• Turn the auto deposit to off and confirm the changes.

Option 3: Through Customer Service:

If you find the online processes inconvenient or confusing, or if you're a non-tech savvy person, you can cancel your auto deposit by contacting Scotiabank customer service. Here's a step-by-step guide:

• Dial Scotiabank's customer service number: 1-800-472-6842.
• Provide your account details to the representative.
• Ask the representative to disable your auto deposit.
• Confirm your decision and make sure you receive an email confirmation of the change.

Conclusion:

Whether you find it more convenient to use the online banking platform, the mobile app, or speak directly to a representative, canceling your auto deposit with Scotiabank is a straightforward process. As always, ensure to safeguard your login details and personal information while proceeding with any of these options. Enjoy your online banking experience with Scotiabank!